Taking stock of property sector

Land constraint: Land, being a state matter, has put a constraint on the development of a national housing policy.

IT has been a decade since the 2008 financial crisis. The economies of most developed countries are steady, though not strong. Property prices are generally high in both the developed and developing world with a shift and clamour for more affordable housing.

Malaysia is going through what other countries are experiencing. In the midst of all these, for the first time in years, interest rates are finally rising. US and Japanese unemployment rates are the lowest in 17 and 24 years, respectively.